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Legislation
Income Tax (Trading and Other Income) Act 2005

Crossheading Sums that are not post-cessation receipts

  • Section 252 Transfer of trading stock or work in progress
  • Section 253 Lump sums paid to personal representatives for copyright etc.
  1. Sums that are not post-cessation receipts
  2. Lump sums paid to personal representatives for copyright etc.

Section 253 | Lump sums paid to personal representatives for copyright etc.

From legislation.gov.uk

(1)A lump sum which is paid to the personal representatives of the author of a literary, dramatic, musical or artistic work as consideration for the assignment by them of—

(a)the copyright in the work, or

(b)the public lending right in the work,

is not a post-cessation receipt.

(2)A lump sum which is paid to the personal representatives of the designer of a design in which design right subsists as consideration for the assignment by them of that right is not a post-cessation receipt.

(3)For the purposes of this section it does not matter whether the whole or a part of the right is assigned.

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